Gujarat Automotive Gears has reported results for fourth quarter and year ended March 31, 2012.
On standalone basis, the company has posted a fall of 67.23% in its net profit at Rs 1.16 crore for the quarter ended March 31, 2012 as compared to Rs 3.54 crore for the same quarter in the previous year. However, total income has increased by 23.55% at Rs 6.19 crore for quarter under review as compared to Rs 5.01 crore for the quarter ended March 31, 2011.
For the full year ended March 31, 2012, the company has posted a fall of 39.05% in its net profit at Rs 3.59 crore for the year ended March 31, 2012 as compared to Rs 5.89 crore in the previous year. However, total income has increased by 25.49% at Rs 22.40 crore for year under review as compared to Rs 17.85 crore for the period ended March 31, 2011.
